$0.000267
Market Cap
$13.66K
24h High
$0.000267
24h Low
$0.000267
24h Turnover
$37.94
Total Supply
74.21M
Market Sentiment
Neutral
About Wombex (WMX)
Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat Exchange. The protocol operation is based on the rules of Wombat veToken model:
Wombat offers base APY (offered to anyone supplying liquidity without any additional conditions) and boosted APY (depends on the user’s veWOM position)
To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years, longer lock-up corresponds to bigger number of veWOM received after locking)
Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated. In general terms — more WOM locked for a longer time leads to bigger veWOM position and, finally — a bigger APY for the user.
Wombex’s primary purpose is to provide a WOM boost to LPs as a service and allow Liquidity Providers to earn high APY without the necessity to buy and stake WOM.
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
Disclaimer
The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation.
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